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Pay with your phone with Apple Pay and Google Pay™ and bank on the go with our easy to use Mobile Banking app

£150 when you switch your current account (available to new and existing customers)

£2 monthly fee

To apply, you must be 18+ and a UK resident. To earn Rewards you need to log into Digital or Mobile Banking at least once every three months and pay in £1,500 to an eligible Royal Bank of Scotland account every month.

Switch to us for £150!

Switch the current account you hold elsewhere to us by the 29th November and you'll get £150 cashback. It's as easy as 1,2,3...

Apply and open a new account or switch in to an existing account with us by the 29th November 2019.

In your application select to switch to us. The Current Account Switch Service will then automatically move your existing payments and close your account held elsewhere.

Pay in at least £1500 and log in to Digital or Mobile banking by 10th January 2020. We'll then pay you £150 by 7th February 2020.

Features and benefits

What are Rewards?

Rewards are our way of giving you something back. Get rewarded on 7 types of household bills paid by Direct Debit. Your Rewards balance can grow quickly, they’re easy to earn and they’re easy to exchange.

What are Rewards – in detail

When you open a Reward account, you’ll earn Rewards back on eligible household bills. You could earn £83 on average in Rewards a year. This figure is based on paying 7 types of eligible household bills of £345 a month and is before the Reward monthly account fee is paid. 5.00 Rewards = £5.00.

How do I earn Rewards?

How do I earn Rewards – in detail

When you open a Reward bank account, you’ll earn Rewards on selected household bills. You could earn £83 on average in Rewards a year. This figure is based on paying 7 types of selected household bills of £345 a month and is before the Reward monthly account fee is paid. 5 Rewards = £5.00.

Earn 2% back in Rewards on eligible household bills

You’ll automatically earn Rewards on the following bills as long as you pay them by Direct Debit: Council Tax, gas, electricity, mobile, landline TV package and broadband. Payments to billing organisations which are for other services such as maintenance, repairs or insurance will not earn Rewards.

How do I exchange Rewards – in detail

Once you have opened your Reward Platinum bank account you can set up a MyRewards account. This is where your Rewards are automatically stored. It’s also where you go to check your personalised offers or your Rewards balance. 5.00 Rewards = £5.00. Once it’s the equivalent of £5 or more, you can choose any of the following:

Bank it

Convert your Rewards into money by simply transferring it into your Royal Bank of Scotland bank account. It takes 5 days to clear into your chosen account.

Other features...

Switch bank accounts

Switch bank accounts

The Current Account Switch Service will do all the work when it comes to switching. This will include moving everything across from your old account to your new Royal Bank account, including Direct Debits, standing orders etc. all within 7 working days. All you need to do is tell us the details of your old bank account and when you want the Switch to start.

To get our £150 switching offer you need to:

Apply and open a new account or switch in to an existing account with us by the 29th November 2019.

Complete your switch using the Current Account Switch Service. You can request the switch during your application, you must also agree to close your account held elsewhere.

Pay in at least £1500 and log in to Digital or Mobile banking by 10th January 2020.

We'll then pay you £150 by 7th February 2020.

This offer is available to new and existing customers who are resident in the UK. Not available on Student, Revolve or Foundation accounts.

We're sorry but if you've had cashback for switching to Royal Bank of Scotland (or NatWest) since October 2017 you won't be able to get it again.

Mobile app

View, cancel and amend your regular payments – so you manage your bills where and when it suits you. Limits apply.

Easily pay family and friends using their mobile number - (as long as they have our mobile app or are registered for Paym). Pay Your Contacts makes it quick and easy, and they’ll get the money instantly. Limits apply.

Get cash without your card – Ideal if you’ve left your card at home. Simply go to any Royal Bank or Tesco cash machine and follow the steps in the app. You can withdraw up to £130 every 24 hours.

Arranged Overdraft

Arranged Overdraft in detail

An Arranged Overdraft is a short-term way to borrow and can be a really useful way to pay for unexpected bills. An Arranged Overdraft means we’ve approved extra funds for you, which are available on your current account.

What you should know

You can arrange an overdraft with this bank account. We will only charge you interest and/or fees if you use your Arranged Overdraft. Subject to eligibility.

How much will I get?

It depends. We’ll look at your individual circumstances and decide on your overdraft limit. We’ll take into account age, earnings and credit rating.

Please review the important legal stuff:

By clicking continue you’re confirming that you’ve been provided with, and have acknowledged our important documents, including the FSCS information sheet. By proceeding with your application you also agree that you’ll receive your statements in a paperless format. We'll send you an email when your statements are ready to view in Digital Banking.